PROCESS
STEP
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First step in the auto loan modification process is to obtain your personalized Options Report™.
Think of it as similar to your Appraisal Report when buying a new home. This document will provide you with detailed explanation of your options, pros and cons for each one of them and present alternatives for your consideration.
You will receive your Options Report™ in printed format, delivered directly to your home. It typically takes between seven to ten days to prepare your report and have it ready for review.
STEP
Sign and Send
Once you receive your Options Report™, please verify all information is correct.
Review the check list, make copies of the requested documents, sign date and package up in the pre paid addressed envelope to your lender. That’s it!
STEP
Engage
If the lender refuses to cooperate or discuss a modification solution with you, Auto Relief Group can help. We offer a service to purchasers of our Options Report™ that empowers our financial consultants to contact the lender on your behalf and negotiate a desirable loan modification.
We encourage you to attempt the modification yourself; in the event you need additional support to complete the modification, we are willing to help. The modification service is available by calling 1-877-842-7667.
STEP
Close
The final step in your loan modification process is the actual closing and execution of modified loan documents.
Auto loan contracts are much simpler and require few if any additional filings, taxes, stamps or use of 3rd party providers or title insurers. If you choose to engage ARG for the negotiation process and you accept the modified terms, the last step will consist simply of you signing the documents.
Know Your Options™..
Typical options include vehicle refinancing, sale, trade up, equity recapture or loan modification. Additionally, the report contains up-to-date information about your vehicle including current market value (based on real time data from auctions around the country) and even forecasted depreciation for the next 12, 24 and 36 months based on actual market dynamics. Since every situation is different, it is impossible to suggest which option is best suited for your particular needs. Obtaining your own Options Report™ is essential to understanding your choices before attempting any loan actions.
Our Fees..
We believe in complete transparency and clear disclosure of our fees. Additionally, please review our Terms and Conditions of Service for important pricing information, delivery details and other important disclaimers.
